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A company has the following data: Dividends declared in 2020 $5,000 Dividends payable at December 31, 2019 $2,000 Dividends payable at December 31, 2020 $1,000
A company has the following data:
| Dividends declared in 2020 | $5,000 |
| Dividends payable at December 31, 2019 | $2,000 |
| Dividends payable at December 31, 2020 | $1,000 |
| Net Income for 2020 | $24,000 |
| Retained earnings at January 1, 2020 | $180,000 |
| Retained earnings at December 31, 2020 | $199,000 |
How much did the company pay in cash for dividends during 2020?
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Comprehensive Assurance & Systems Tool
Authors: Laura R. Ingraham, Greg Jenkins
4th Edition
0134790472, 9780134790473
